Demand Forecasting Training Workshop

Demand Forecasting Training Workshop

Price range: $100.00 through $600.00

This workshop will explain the methodology and process behind accurate demand forecasts and how to effectively use sales and marketing intelligence to arrive at a consensus plan. The focus will be on demand modeling using popular statistical models, the methodology to perform model diagnostics, forecast accuracy measurement and the process to incorporate market intelligence.

SKU: 6286 Category:

Description

Topics Covered:

  • Demand Planning Overview
  • Mechanics of Forecast Modeling
  • Model Diagnostics
  • Forecast Performance Metrics
  • Promotional Planning
  • Sample Demand Forecast Scenarios

Detailed Outline of the Workshop:

  • Demand Planning Overview
    • Demand Planning Basics
    • Mechanics of the Forecasting Process
    • Organizational Structure
    • Role of a Demand Planner
  • Consensus Demand Plan

    • Dollarizing the Demand Plan
    • Category Forecasting & top-down Demand Plan
    • Financial Plan and the “Gap” Process
    • Reconciling the bottom up & the top down forecasts
  • Mechanics of Forecast Modeling
    • Forecast Modeling
    • Time Series Methodology
    • Baseline versus event forecasting
    • Unconstrained vs. Constrained Demand Plan
  • Collaborative Demand Planning
    • Setting up a Consensus Process
    • Gathering Promotional and event intelligence
    • Evaluating promotional lifts
    • Achieving consensus with Sales Group
    • Customer Collaboration
  • Forecast Performance Metrics

    • Mean Absolute Percent Error
    • Forecast Bias
    • What do we learn from forecast error?
    • Introduction to Exceptions Management

    What Clients Say

    “The session helped me understand patterns and forecast accordingly, I hope to streamline our demand and supply by the methods taught in the session.”

    Asst. Manager Planning, Mitsubishi Electric India Pvt. Ltd.

    “The course moved at a pace that kept my attention but also allowed me to follow along. I have found the material to be beneficial and will be applying what I learned to my role.”

    Demand & Network Optimization Analyst, Tremco Inc.

    “The workshop was very informative and I enjoyed it thoroughly. It was successful in refreshing many key concepts and I was able to come up useful insights to implement”

    Senior Demand Planner, Prestige Brands

    “Demand Planning LLC more than met my expectations with the Demand Planning Certification and Training session. The facilitators did a great job with a diverse set of attendees from my team, and were able to weave technical skills with business-focused learnings. Even with 15+ years, I was able to identify key takeaways to use to improve our processes, while my team was able to learn valuable lessons.”

    Director of Demand Planning & Executive S&OP, American Tire Distributors Inc.

    To schedule a customized on-site workshop, please contact us.

    Additional information

    How many people are you registering?

    Group of 2, Group of 3, Group of 4, Group of 5, Group of 6, Just Myself (1)

    Reviews

    There are no reviews yet.

    Be the first to review “Demand Forecasting Training Workshop”

    Your email address will not be published. Required fields are marked *

    Title

    Go to Top